XE Market Analysis: Asia – May 03, 2021

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The Dollar firmed up some overnight, taking the DXY to eight-session highs of 91.39 in early Europe. The USD held fairly steady into the 10:00 ET round of U.S. data, though a miss in both the manufacturing ISM and construction spending took the index to session lows of 90.87. Wall Street was mixed, leaving the DJIA and S&P 500 higher, though big tech faltered, taking the NASDAQ under water. Reopening stocks were favored over tech to start the month. Yields started higher, though turned red after the data, which helped weigh on USD sentiment. Tuesday’s U.S.